Bloomberg Top News

Diggers trying to identify the tangle of wires beneath a street in western Germany had to take a bureaucratic trip back to the Third Reich — the last time anyone drew a subterranean schematic. Today, that inertia is hindering a $1 trillion push to build renewable power sources.

President Joe Biden said Friday that his son had not done anything wrong, just over a week after attorneys for Hunter Biden met with prosecutors at the Justice Department to discuss potential criminal charges.

Yevgeny Prigozhin, the founder of Russia’s Wagner mercenary group, renewed a threat to pull his forces from the battlefield near Bakhmut in eastern Ukraine because of an ammunition shortage.

State-run schools in a city in the Philippine capital region have shortened class hours due to extreme heat, the latest measure as sweltering temperatures in Asia raise health risks and present challenges to governments and businesses.

Germany is weighing a reduced power price of 6 cents per kilowatt-hour or less for some energy-intensive industries to ease costs after last year’s crisis shook the manufacturing-heavy economy.

DBS Group Holdings Ltd. was slapped with higher capital requirements after a pair of disruptions to its digital banking services that Singapore’s regulator called “unacceptable.”

At least eight of 16 Georgia Republicans who agreed to certify that Donald Trump beat Joe Biden in 2020 have reached immunity deals with the Atlanta-area prosecutor investigating efforts to overturn the presidential election.